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Cable Update (GBPUSD)

  • #768,441
  • Aug 19, 2023 12:49am Aug 19, 2023 12:49am
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POSTMASTER
  • #768,442
  • Aug 19, 2023 12:52am Aug 19, 2023 12:52am
gbpusd rejected the LOWS of the bar of july 12 with abit higher volume..wouldnt shock me if we went back up and retested that bar again next week....the number is1.2750...that is 1.2750.
  • #768,443
  • Aug 19, 2023 12:55am Aug 19, 2023 12:55am
however, this market is building cause for lower prices as richard Wyckoff would say....1.2570 is on the cards....
  • #768,444
  • Aug 19, 2023 12:59am Aug 19, 2023 12:59am
Quoting TheWraith
{quote} Okay, showing our method of trading to the world could be harmful for us, that is true. However, that is true for some very big players, not for us who trade with literally nothing compared to banks, hedge funds and what not. I don't think algo is like: "oh shit TheWraith went Short GBP/USD with 0.01, I gotta adjust and push the price up". When TheWraith starts trading for real money (big amount), of course then TheWraith might stop posting online. But do you really think algo tracks this thread down? I mean come on... we combined can't...
The greatness about AI is that can handle such an amount of information the Average person cannot dream of within no time. I go much further. There is a member at this thread capabale of moving the market just enough.
POSTMASTER
  • #768,445
  • Edited 1:19am Aug 19, 2023 12:59am | Edited 1:19am
Quoting TheWraith
{quote} Okay, showing our method of trading to the world could be harmful for us, that is true. However, that is true for some very big players, not for us who trade with literally nothing compared to banks, hedge funds and what not. I don't think algo is like: "oh shit TheWraith went Short GBP/USD with 0.01, I gotta adjust and push the price up". When TheWraith starts trading for real money (big amount), of course then TheWraith might stop posting online. But do you really think algo tracks this thread down? I mean come on... we combined can't...
Giving highly effective and profitable quant strategies to frauds like Pat Chiko and his immoral buddies would be irresponsible and reckless. They have chosen the darkness instead of the light. Their end shall correspond with their deeds.

They had their opportunity to apologize after disrespecting my father, instead they chose insincere calls for truce and to continue their onslaught.

One will put 1,000 to flight; two will put 10,000 to flight!

The wealth of the wicked is laid up for the righteous!

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Trade at your own risk.
  • #768,446
  • Aug 19, 2023 1:13am Aug 19, 2023 1:13am
Quoting TheWraith
{quote} Okay, showing our method of trading to the world could be harmful for us, that is true. However, that is true for some very big players, not for us who trade with literally nothing compared to banks, hedge funds and what not. I don't think algo is like: "oh shit TheWraith went Short GBP/USD with 0.01, I gotta adjust and push the price up". When TheWraith starts trading for real money (big amount), of course then TheWraith might stop posting online. But do you really think algo tracks this thread down? I mean come on... we combined can't...
Exactly.
The Retails trader integrated power is nothing compare Institutional traders.
It will take thousands of us to fill 1 Institutional trader Long term trades which typically they mainly use the Daily, Weekly or Monthly chart for their trading decision.

A good non-forex example of intergrated power is AMUL Diary in India (Milk Buyer) vs Small milkman (Milk Sellers) who supply the milk to AMUL
More time in the market, does not mean you trade better!
  • #768,447
  • Aug 19, 2023 1:15am Aug 19, 2023 1:15am
Quoting Pat Chiko
{quote} From the records........I have never attacked anyone or started any arguments in this thread. I am always happy to answer questions about my trades, but I never give advice to others on their trades. I believe that everyone should trade their own way and learn from their own mistakes. I understand that you disagree with my analysis of the GU/EU pair. I respect your opinion, but I do not think it is helpful to argue about it. I would rather focus on sharing my own analysis and trading ideas, and let others decide for themselves whether they...
...some bitch somewhere just got slapped...

.
  • #768,448
  • Aug 19, 2023 1:25am Aug 19, 2023 1:25am
Quoting ninner
however, this market is building cause for lower prices as richard Wyckoff would say....1.2570 is on the cards....
1hr- 4hr still bearish, daily-weekly bullish. It looks like we are in a quandary!
More time in the market, does not mean you trade better!
  • #768,449
  • Aug 19, 2023 1:28am Aug 19, 2023 1:28am
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Trade at your own risk.
  • #768,450
  • Aug 19, 2023 1:35am Aug 19, 2023 1:35am
Quoting Fardeen1209
{quote} 1hr- 4hr still bearish, daily-weekly bullish. It looks like we are in a quandary!
bearish everyting is bearish as richard wyckoff would say
  • #768,451
  • Edited 2:33am Aug 19, 2023 2:02am | Edited 2:33am
Quoting Fardeen1209
{quote} Exactly. The Retails trader integrated power is nothing compare Institutional traders. It will take thousands of us to fill 1 Institutional trader Long term trades which typically they mainly use the Daily, Weekly or Monthly chart for their trading decision. A good non-forex example of intergrated power is AMUL Diary in India (Milk Buyer) vs Small milkman (Milk Sellers) who supply the milk to AMUL
It is a Big mistake to think that purchasing power will outperform skill. This is why AI will lose in the long run. They will end up fixing the problem with the money of taxpayers through bails out that goberments will provide to banks, etc
POSTMASTER
  • #768,452
  • Aug 19, 2023 2:07am Aug 19, 2023 2:07am
Quoting Robinhood1
{quote} It is a Big mistake to think that purchasing power will outperform skill. This is why AI will lose in the long run. They end up fixing the problem with the money of taxpayers through bails out that goberments will provide to banks, etc
If i were a MM, would chose skill plus purchasing power but the lack of wisdom prevents this scenario. AI has made it easier for their profile temporaraly.
POSTMASTER
  • #768,453
  • Edited 10:52am Aug 19, 2023 2:10am | Edited 10:52am
Fed's Powell: Cable Thread not reflecting fundamentals
Fed's Powell: USD could lose it's reserve currency status due to heavy speculation from some members on FF
Fed's Powell: Will respond appropriately to speculators by buying unlimited amounts of US Dollars to keep USD from crashing
Fed's Powell: Economy continues to remain strong even though we're trying to engineer recession. In response Fed will hike again and again and again until we're sure inflation is on the way to deflation
  • #768,454
  • Aug 19, 2023 2:20am Aug 19, 2023 2:20am
Quoting Fardeen1209
{quote} 1hr- 4hr still bearish, daily-weekly bullish. It looks like we are in a quandary!

in fact today's bar went into july 28's bar and failed on lighter volume so if it wont go up it will try and go down...so it will go after the 1.2619
  • #768,455
  • Aug 19, 2023 2:24am Aug 19, 2023 2:24am
Quoting TheWraith
Fed's Powell: Cable Thread not reflecting fundamentals Fed's Powell: USD could lose it's reserve currency status due to heavy speculation from some members on FF Fed's Powell: Will respond appropriately to speculators by buying unlimited amounts of US Dollars to keep USD from crashing Fed's Powell: economy continues to remain strong even though we're trying to engineer recession. In response Fed will hike again and again and again until we're sure inflation is on the way to deflation
A retailer can become a problem in terms of these idiots. Starts small and grows big rapidly. Think of traders like Soros. MM have experienced this over decades if not centuries. Retailers as a whole is not a big issue but MM have to cap any potencial one. Is that too dificult to grasp? I think you understand it perfectly like a wolf or a snail.
POSTMASTER
  • #768,456
  • Aug 19, 2023 2:34am Aug 19, 2023 2:34am
Quoting TheWraith
Fed's Powell: Cable Thread not reflecting fundamentals Fed's Powell: USD could lose it's reserve currency status due to heavy speculation from some members on FF Fed's Powell: Will respond appropriately to speculators by buying unlimited amounts of US Dollars to keep USD from crashing Fed's Powell: economy continues to remain strong even though we're trying to engineer recession. In response Fed will hike again and again and again until we're sure inflation is on the way to deflation
GU and all other currency prices don't reflect fundamentals immediately as price is adjusted by various computer algorithms. This is the nature of the beast that has been designed and is accepted by all governments for the management of price. Over time price does move to reflect fundamentals.

The US is working very hard to preserve its reserve currency status but if you pause and think about this, why? With global transaction settlements possible instantly and electronically, what is the value of a reserve currency? It was designed at a time when markets were not as timely and settlements were not possible in multiple currencies. Maintaining the US$ as a reserve currency is costing the US billions of dollars annually as the US works to keep inflation low and expand its money supply constantly.

These 'guys' are so stuck in the forest looking at the trees that they forget they are in a forest!
  • #768,457
  • Aug 19, 2023 2:50am Aug 19, 2023 2:50am
the gbpusd cant even bounce above the 0.382 retracement...how is this bullish????
  • #768,458
  • Aug 19, 2023 2:52am Aug 19, 2023 2:52am
Quoting ninner
the gbpusd cant even bounce above the 0.382 retracement...how is this bullish????
why are you angry about different opinion?
  • #768,459
  • Aug 19, 2023 2:57am Aug 19, 2023 2:57am
Quoting Whale
{quote} why are you angry about different opinion?
I am not angry guppy fish!!! I just want an intelligent discussion!!
  • #768,460
  • Aug 19, 2023 2:58am Aug 19, 2023 2:58am
Quoting ninner
{quote} I am not angry guppy fish!!! I just want an intelligent discussion!!
“guppy fish” will make it intelligent discussion?
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